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  1. J

    Buying at auction and release of judgement mortgages

    If the bank sells a commercial property, "mortgagee in possession", and their charge is not fully satisfied, it keeps the entire proceeds. (I assume). From the original borrowers point of view, what happens the judgement mortgages, (including one from revenue) on the premises, if his only other...
  2. J

    Buying at auction and release of judgement mortgages

    Many thanks 1urka. for your reply. Are the rules the same for a commercial property?
  3. J

    Buying at auction and release of judgement mortgages

    Any up to date information on property sales "mortgagee in possession". Will the judgement mortgage "fall away", leaving the buyer with a clean title. if the purchase price fails to fully clear the first mortgage?
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